State Of Orissa & Anr vs M/S. Tata Iron & Steel Co. Ltd. & Ors

The Supreme Court upheld the Orissa High Court's decision that the technical bids of Visa Industries Limited and Tata Iron and Steel Co. Ltd. could not be rejected without proper evaluation, violating principles of fair competition and public interest. The Court found that the selection process for Jindal as a Joint Venture Partner was flawed and lacked impartiality, thus setting aside IDCOL's decision. The Court directed IDCOL to issue a fresh advertisement for clearer terms regarding the desired industry, emphasizing the need for a transparent evaluation process under the principles of judicial review.